Insurer Asuransi Multi Artha Guna (MAG) booked net profit of Rp123 billion in 2017, declined 5.4% from Rp130 billion in 2016. Net premium income increased 20% to Rp619.5 billion from previous Rp514.5 billion. But underwriting expenses rose 9.4% to Rp371.5 billion. The Company’s assets reached Rp3.88 trillion while liability amounted Rp2.03 trillion. It has cash of Rp239.3 billion.
